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$5M LIABILITY · WRITTEN WARRANTY REGISTERED · DESIGN-BUILD
Reviewing a renovation budget at a kitchen island

Financing Calculator

Renovation Financing: Estimate Your Monthly Payment

See an estimated monthly payment for your renovation at 7% over 10 years, or adjust the rate and term. A written fixed price makes financing simpler because your lender knows the real number.

  • 22+ Years
  • $5M CGL + WSIB
  • Written Warranty Registered
  • 300+ Projects
  • COI in 1 Business Day

Monthly Payment Calculator

Estimated monthly payment

$1,741.63

Total interest
$58,995.60
Total repaid
$208,995.60

Estimate only. Whole House Renovation is not a lender; rates and terms come from your financial institution. Standard amortization with monthly compounding.

Plan Your Budget With a Fixed Price

A written fixed price makes financing simpler. Request yours.

Your details go only to our project team. No spam, no sharing.

Pay As Work Is Done

The 6-Draw Payment Schedule

Tier 2+ projects pay in six draws tied to milestones, so financing can be drawn as the work progresses. Tier 1 projects are paid net on completion.

  1. 10% Draw 1 Design
  2. 15% Draw 2 Permit-ready
  3. 20% Draw 3 Demolition
  4. 20% Draw 4 Rough-in
  5. 20% Draw 5 Substantial completion
  6. 15% Draw 6 Deficiency walkthrough

Common ways GTA homeowners finance a renovation

  • Home equity line of credit (HELOC). Flexible draws that line up well with a milestone payment schedule.
  • Mortgage refinance. Often the lowest rate for large Tier 3 and Tier 4 projects.
  • Renovation or purchase-plus-improvements mortgages. Useful when buying a home that needs work.
  • Personal savings plus a smaller loan. Common for Tier 1 and Tier 2 kitchens and baths.

Lenders usually ask for a written scope and price. Ours is free and arrives before any design agreement. See the cost guide for typical ranges by tier.

Quote requests reviewed within 1 business day

Get a Written Fixed Price Before You Commit

Tell us about your home or space. We review every request within 1 business day, visit the site and send a written scope with a hard-cap price before any design agreement.

Request a Free Written Quote Call (647) 800-3733
  • Fixed price pre-design
  • $5M CGL + WSIB
  • Written warranty
Call (647) 800-3733 Free Written Quote